augustus

@TonyDown  I agree with you 100%.  Who knows.  But I do remember the 1999-2001 hi-tech crash when the Nasdaq fell 80%.  Ouch!

Red Robin considers closing 70 locations amid financial woes
The chain on Wednesday announced it is weighing plans to potentially close 70 locations once their lease expires, as it attempts to turn around its operations. The company has already closed one location in the fourth quarter of fiscal 2024, and recorded a loss of $32.4 million in the quarter in large part from the “review of underperforming restaurants.”
The company plans to sell three properties during the first quarter of fiscal 2025. The sale of those locations is expected to generate $5.8 million, which the company anticipates will be used in part to repay its debt.
While financial results for fiscal 2024 “fell well below” the company’s original expectations, CEO G.J. Hart said the company has made “substantial improvements to the guest experience” to try and drive traffic back to its restaurants. 
 

@TonyDown  I agree with you 100%.  Who knows.  But I do remember the 1999-2001 hi-tech crash when the Nasdaq fell 80%.  Ouch!

@augustus  LPL Financial latest live Web event admitted pretty much the same thing, that "stocks are expensive." They also believe the bullish trend will continue, which many pundits on CNBC agree.
Remember "irrational exuberance"?  Do we need a new term?
I don't understand how so many asset classes can be finding new highs, yet we're told there is a lot of cash on the sidelines. 
Where is the cash coming from for buys?
Blame it on Crypto?  I don't know.  
Stocks are way up again today.
 
 
 
 

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